(EXPIRED) 10% back on Apple (up to $50 back on $500) with PointCard Debit Card

The Point Card Debit Card continues to knock it out of the park with spending offers. Now through February 3, 2022, Point is offering 10x points (worth 10% back) up to 5,000 points (worth $50). That’s an awesome return for Apple.

The Deal

• The PointCard Debit Card is offering 10x points for Apple purchases both in-store and online at apple.com up to 5,000 points back through February 3, 2022.

If you’re new to the Point Debit Card

If you’re new to the Point Debit Card, note that the annual fee is now $99. That gets billed on your first deposit or you can choose to be billed $9.99 per month instead.

Note that we no longer list our referral information since referrals are now capped and new users will not receive the bonus once the person making the referral has exceeded the cap.

Key Terms

• Earn 10 points for each dollar spent on eligible purchases made using your PointCard at Apple by 11:59 p.m. PDT, February 3, 2022.
• Points are redeemable for cash, where 1 point = $0.01 upon redemption, subject to the Rewards & Benefit Terms.
• Offer valid in-store and on purchases made online at apple.com.
• Excludes physical and electronic gift cards.
• Not valid on purchases made through third-party retailers, websites, or mobile applications.
• Each cardholder can earn up to a maximum of 5,000 points on eligible purchases during this offer period.
• Points will be credited to your account within 30 days after charges appear on your Point billing statement.
• Points may not be credited to, or may be taken away from, your account if qualifying purchases are cancelled or returned.

Quick Thoughts

We just don’t often see the chance to get such a large percentage return at Apple. Furthermore, this should stack with a shopping portal to earn a couple percent or few miles per dollar more on top if you’re shopping online. Note that the offer is valid both in-store and online at apple.com. Terms exclude gift card purchases, but in my experience gift card exclusions aren’t always enforced (YMMV).

Keep in mind that when Point offers a bonus like this, you’ll initially see 1 point per dollar post with the additional 9 points per dollar se tot post within 30 days after the charge appears on your statement and in my experience it usually takes the full 30 days. Still, this is a great deal since points would then be instantly redeemable for cash.

Note that Point has changed its referral offer and fee structure options. The card has a $99 annual fee, which seems ridiculous for a debit card until you consider the awesome spending offers they have had over the past year. I have come out far ahead on this card so far. See posts about Point deals here.

They now also offer the alternative of paying $10 per month if you’d rather have it month-to-month to evaluate rather than paying $99 for the year. That’s a bad deal in my opinion, but maybe it appeals to some.

The two simultaneous and different current referral offers can mitigate the fee for some amount of time. Which makes sense for you comes down to the opportunity cost of doing the spend (if any) and whether you want to gamble on the possibility of getting more than $80 or take the sure $100 with more spend. YMMV. That’s weird. Point has a good product. I wish they’d just make the referral system non-complicated. I do highly recommend keeping screen shots in case things don’t post the way you expect.

Overall, it’s great to see the PointCard continue to stay relevant. While the annual fee is still off-putting for a debit card, the truth is that this card keeps making me evaluate opportunity cost of spending on other cards given excellent return at places like Amazon, Costco, and temporary merchants like this one.

Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.